North Shore Real Estate Update January 2013

In West Vancouver, there were 38 sales in the month of January. This represents a buyer’s market with a 24% sales to new listings ratio. For January 2013, the sales to total active listings percentage was 9% and for January 2012, it was 10%. Sales for January 2013 were down by 1 unit compared to January 2012. The West Vancouver listing inventory has increased by 7 homes compared to December 2012 and increased by 20 homes compared to January 2012. The average price year to date (YTD) is up 8% compared to January 2012 and up by $113,856 compared to December 2012. The West Vancouver median price decreased by $250,000 from December 2012 to January 2013 ($2,000,000 to $1,750,000).

In North Vancouver, there were 52 sales in the month of January. This represents a buyer’s market with a 30% sales to new listings ratio. For January 2013, the sales to total active listings percentage was 16% and for January 2012, it was 27%. Sales for January 2013 were down by 5 units compared to January 2012. The North Vancouver listing inventory has increased by 43 homes compared to December 2012 and increased by 105 homes compared to January 2012. The average price year to date (YTD) is down 4% compared to January 2012 and down by $106,646 compared to December 2012. The North Vancouver median price increased by $5,000 from December 2012 to January 2013 ($900,000 to $905,000).